Private Money lending process

[Julia Yagodina]

Hello,

I have a property under contract and decided to raise private money to fund this deal. I found an interested investor and we agreed on terms. Loan will be secured by deed, no points, monthly payments deffered until home is flipped and sold.

How do I execute from here? What should be the next steps? Do I need loan servicing company or could we sign a promissory not and handle deed through Escrow? Not exactly sure. Any help would be appreciated. Thank you!